Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$475,000	Inventory
Gross Income	$200,000	Real Estate	$475,000*
Cash Flow	Not Disclosed	Year Established	1950
FF&E	$75,000*	Employees	15

* included in the asking price

** not included in the asking price

Banquet facility for over 50 years!!! Turn-key establishment as is or convert a portion to a restaurant and still have two large rooms for banquets. The exterior of the building is in excellent condition. There is a huge parking lot that can stay as is or for future expansion. Banquet facilities are excellent income as when there is no party you have no expense!!! This is a rare opportunity to also own the real estate, however you can just purchase this business for $79,000 with rent of only $4500/month!!!

Facilities: This banquet facility consists of 8000 sq ft of space. Built in 1930 but completely renovated and updated in the past ten years. There is on-site parking for 100+ cars as well as parking allowed on street. If just business is purchased at $79,000 the owners will set the rent at $4500/month.

Competition: This business is located in a downtown location on a main rd. There is no competition in town for banquets/parties over 50 people.

Growth/Expansion: This business has been operated by two partners who both have full-time careers. A more involved owner with a good advertising plan could tremendously increase revenues.

Financing: Bank Financing Required

Support/Training: Owners will stay on for up to thirty days to train if needed.

Reason Selling: Partners have full-time careers- too time consuming